World Bank Listing of Ineligible Firms and Individuals - Procurement
The World Bank's listing of ineligible firms and individuals identifies firms and individuals who are barred from participating in World Bank-funded projects due to misconduct or failure to comply with procurement regulations. This list helps ensure transparency and integrity in procurement processes, allowing organizations to avoid engaging with ineligible entities. Staying informed on this list is crucial for maintaining compliance and fostering ethical business practices within the global development sector.
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1,704 Entities in World Bank Listing of Ineligible Firms and Individuals - Procurement
| Entity Name | Entity Type | Effective Date | Status |
|---|---|---|---|
GESAWORLD DO BRASIL LIMITADA | Company | Dec 20, 2022 | active |
PROFESSIONAL CONSTRUCTION ENGINEERS S. DE RL | Company | Apr 28, 2021 | inactive |
FAR KURLISH MONTAJ INVEST | Company | Jun 13, 2017 | active |
HEBEI CONSTRUCTION GROUP CORPORATION LIMITED BEIJING BRANCH | Company | Aug 22, 2024 | active |
GLOBAL SCIENTIFIC SA DE CV | Company | Jul 27, 2016 | inactive |
DEVELOPMENT AND RELIEF CORPORATION BV | Company | Sep 9, 2013 | active |
HENAN GEOLOGICAL AND MINING CONSTRUCTION ENGINEERING GROUP CO LTD | Company | May 2, 2023 | active |
FAGAR PANAMA S.A. | Company | Jan 28, 2021 | inactive |
HEBEI CONSTRUCTION GROUP CORPORATION LIMITED TIANSHAN BRANCH | Company | Aug 22, 2024 | active |
HEBEI CONSTRUCTION GROUP CORPORATION LIMITED TANGSHAN BRANCH | Company | Aug 22, 2024 | active |
FAQs
Why is compliance with the World Bank Listing of Ineligible Firms and Individuals - Procurement necessary?
Compliance with the World Bank's Listing of Ineligible Firms and Individuals is crucial for maintaining the integrity of procurement processes. Adhering to these listings helps ensure that only qualified, ethical entities participate in projects funded by the World Bank, thereby safeguarding public resources. Non-compliance risks severe penalties, including disqualification from future contracts and damage to reputations. Ultimately, compliance fosters a fair competitive environment, promotes accountability, and supports the effective use of funds intended for development and public welfare.
Which companies should comply with World Bank Listing of Ineligible Firms and Individuals - Procurement?
Companies involved in procurement, particularly in sectors like construction, engineering, and consulting, must comply with the World Bank Listing of Ineligible Firms and Individuals. This compliance is essential to ensure transparency, integrity, and fair competition in projects funded by the World Bank. Engaging with ineligible entities can lead to legal repercussions, financial losses, and damage to reputation.
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